Asian Paints (International) has transferred its entire holding of Asian Paints (Middle East) and Asian Paints (Tonga) to Berger International, Asian Paints today said in a BSE filing.
"... as part of the company's plan to consolidate its investments in the overseas subsidiaries, Asian Paints (International) Ltd, Mauritius, a wholly-owned subsidiary of the company has transferred its entire holding of 49 per cent held in the subsidiary company viz. Asian Paints (Middle East) LLC and 100 per cent of holding in the subsidiary company viz. Asian Paints (Tonga) Limited to Berger International Limited, Singapore," the filing said.
Asian Paints shares today settled 3 per cent up at Rs 838.95 apiece on the BSE.
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.